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    Muskegon, MI
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    Muskegon, MI NNN Properties for Sale

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    North Muskegon, MI Muskegon Heights, MI Roosevelt Park, MI Norton Shores, MI Lake, MI Fruitport, MI Twin Lake, MI Whitehall, MI
    Dual-Tenant Retail Center
    Updated: Apr 3
    Dual-Tenant Retail Center

    2039 E Apple Ave, Muskegon, MI 49442

    $1,291,587
    4,772 sqft 1.21 AC lot
    Dual‑tenant retail center built in 2004, totaling 4,772 SF on 1.21 acres at 2039 E Apple Avenue (M‑46) in Muskegon, MI
    100% occupied under triple‑net (NNN) leases for both tenants, supporting minimal landlord responsibility
    T‑Mobile occupies 2,472 SF (52% of GLA) under an NNN lease through May 2027
    Pita Place drive‑thru restaurant occupies 2,300 SF (48% of GLA) under an NNN lease through April 2029 with annual rent increases and two 5‑year renewal options
    High‑traffic E Apple Avenue (M‑46) location near US‑31 and I‑96 with combined traffic exposure of nearly 80,000 vehicles per day
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    This listing looks promising.

    Here's a quick look at some key insights for

    2039 E Apple Ave, Muskegon, MI 49442

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $62K
      Annual

    • Price @ 7% Cap

      $881K
      Suggested

    • Last Sold

      Apr 2006
      $1.27M

    • Property Type

      Commercial (General)
      Built 2004
    View Property Analytics
    Wendy's Restaurant Investment Opportunity
    Updated: May 12
    Wendy's Restaurant Investment Opportunity

    1865 East Sherman Boulevard, Muskegon, MI 49444

    Contact for pricing
    3,193 sqft 1.13 AC lot
    Recently extended 15‑year lease provides stable, long‑term income.
    Lease is backed by Meritage Hospitality Group, Inc., one of the largest Wendy's franchisees.
    Excellent visibility and easy access, located one block off US‑31.
    Strong traffic counts: over 64,000 vehicles per day on US‑31 and nearly 24,000 on Sherman Boulevard.
    Located in a well‑established retail area with nearby retailers including Walmart, Sam's Club, and Lowe's.
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    Long John Silver’s NNN Restaurant
    Long John Silver’s NNN Restaurant

    3055 Henry St, Muskegon, MI 49441

    Contact for pricing
    1,796 sqft

    Long John Silver’s investment property offered with a long-term absolute net lease and corporate guaranty support.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Muskegon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Arby’s Drive-Through Restaurant
    Arby’s Drive-Through Restaurant

    1408 W MAIN ST, Fremont, MI 49412

    Contact for pricing
    3,080 sqft 1.29 AC lot

    Remodeled in 2023 and positioned within Fremont’s retail corridor near Walmart, Meijer, and multiple national brands.

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    Dollar General Absolute NNN Store
    Dollar General Absolute NNN Store

    10525 S Warner Ave, Fremont, MI 49412

    Contact for pricing
    9,100 sqft

    Freestanding Dollar General retail store is leased under a 15-year absolute NNN structure with corporate guarantee.

    View details
    Triple-Net Restaurant Property
    Triple-Net Restaurant Property

    21 N Beacon Blvd, Grand Haven, MI 49417

    Contact for pricing
    2,282 sqft 0.87 AC lot

    Single-tenant Stan’s Taco is offered with a new 15-year triple-net lease featuring scheduled rent increases.

    View details
    Admiral Petroleum NNN Gas Station
    Admiral Petroleum NNN Gas Station

    12160 W Olive Rd, Grand Haven, MI 49417

    Contact for pricing

    A 1992-built gas station with a long-term 20-year NNN lease on an estimated 1.15-acre parcel.

    View details

    Muskegon, MI Nnn Properties Market Trends and Statistics

    Explore 3 nnn properties for sale in Muskegon, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 9,761 square feet of properties for sale, with an estimated market value of $1,291,587.

    Sale prices for triple net lease properties in Muskegon, MI average $1,291,587 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 130K
    Population Growth (5Y) +6.3%
    Median Household Income $59,650
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Muskegon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49442 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 4.60%
    Property Tax per SF $90.35 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Muskegon County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Muskegon County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Muskegon fall within the 50,000 to 100,000 square foot range.

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